Under-invoicing' leading to GST evasion, claim bicycles makersAn ordinary bicycle, priced at Rs 2,500 a unit, is being invoiced at Rs 900, leading to the evasion of the GST.
23 Sep, 2019, 08.29 PM IST
Proposal to encourage taxmen to file GST profiteering complaints on anvilThe GST has replaced a tangle of local taxes and entry levies. Since its roll out on July 1, 2017, GST Council has reduced tax rates on a h...
29 Jan, 2019, 05.37 PM IST
Lifestyle to refund profiteered amountFashion retailer Lifestyle International Pvt Ltd. has got entangled in the crosshairs of anti-profiteering authority for allegedly not pass...
28 Sep, 2018, 07.39 AM IST
Passing on GST cut: National Anti-Profiteering Authority may not object to higher quantities over lower pricesFMCG cos that raised the quantity of their packaged products instead of reducing prices can breathe easy as NAPA will accept higher grammag...
16 Aug, 2018, 08.30 AM IST
GST to hit GSK Consumer's global growth, says CFO Simon DingemansUK healthcare company, the maker of Boost and Horlicks, also lists other factors for subdued show in 2018.
12 Feb, 2018, 11.34 AM IST
Retailers seek industry status, GST simplification in BudgetIn a pre-budget wish list, the Retailers Association of India (RAI) said invoices issued to BTC (bank transfer compliant) consumers must be...
18 Jan, 2018, 11.23 AM IST
GST reboot: A degree of comfort for India Inc, a call to help ease transitionThe tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.
14 Nov, 2017, 02.49 PM IST
Panel begins review of GST laws to remove glitchesThe government is keen that the recommendations are received at the earliest and it can quickly move the amendments.
09 Nov, 2017, 12.19 PM IST
India may delay implementation of Basel III norms: SBI reportThe Indian banking sector is already under stress due to demonetisation and the GST roll out, a SBI report said today.
11 Oct, 2017, 03.09 PM IST
GST: Procedural uncertainties, GSTN issues major downsideThe immediate priorities for the GST Council would include stabilising the GSTN, issue clarifications on anti-profiteering provisions and o...
10 Oct, 2017, 11.46 AM IST
Top 5 challenges faced by tax & accounting professionals due to GSTManufacturers, traders, and service providers across India have been placed under one unified tax umbrella, and no longer need to work with...
04 Jul, 2017, 11.39 AM IST
Readying for GST: A peek inside frantic preparations for the massive revampAll stakeholders are anxious for a smooth rollout of the GST. We list here the preparations going on at various levels for July 1 deadline.
14 Jun, 2017, 09.31 PM IST
5 things that will make you GST readyWith the countdown underway, and the Government having more or less done its job, its India Inc. that now needs to keep its foot on the ped...
14 Jun, 2017, 12.14 PM IST
Eveready Industries India to form joint venture with McLeod Russel IndiaTurnover for batteries and flashlights remained subdued during the quarter due to lower consumer off-take and de-stocking in trade channels...
30 May, 2017, 07.05 PM IST
Top stocks in focus on Thursday, 4 May 2017ICICI Bank reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.
04 May, 2017, 08.48 AM IST
View: It would be wiser to put off implementation of GST till SeptemberWhile the finishing line is of utmost importance, we should not falter in the last leg of the race. Introducing GST from September makes mo...
30 Mar, 2017, 10.23 AM IST
GST rate at 12% will negatively impact textile sector: ICRAICRA points out that the most of the cotton based textile players in the value chain operate through the optional route, thereby resulting ...
11 Aug, 2016, 04.47 PM IST